Riding The Gravy Train

Beating the market is fun and profitable. This is how we do it.

Friday, July 01, 2016

Nickel 2-Year Downtrend Broken

 
Below we present a chart of NINI, the iPath Pure Beta Nickel ETN, which shows a 2-year downtrend broken. 



We're long NINI at an average of $16.16, which has not previously been disclosed in this blog nor have we previously commented on nickel or on NINI.
 
In our post last Friday titled "BrExit Market Perspective" we asserted that the "BrExit" vote was a non-event for equities markets, and that "markets may bounce next week". 
 
Those who claimed the 2-day drop after the BrExit vote was a "selling panic" can only fairly call the past three days a "buying panic", however whatever it's called the DJIA indeed bounced big and is now exactly back to where it was before that vote and our DJIA Study of last week still very much applies. 
 
 
 
 
 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Friday, June 24, 2016

"Brexit" Market Perspective

 
We offer some perspective on today's purported "market panic".  
 
The DJIA is at the same level it was last Thursday morning, essentially the same level it  closed at 5 weeks ago on May 19, , and at the same level it dropped to mid-day exactly 3 months ago on March 24.  See the chart we posted Wednesday for further reference.
 
On February 11 the DJIA was 1897 points lower than today's close, despite today's 610-point drop.
 
The U.S. dollar is at the same level it was at the start of June, in mid-March, in mid-February, and through most of last year.
 
Gold is at virtually the same level it reached mid-day a week ago.
 
Oil remains higher than most of the past 6 months, and higher than it was just last week.
The euro is at the same level it reached in late May.
 
Lastly, Britain's currency is barely lower than it was in late February.
 
In other words, ignore the fear-mongering hype, because most everything continues to move essentially sideways, and this is not a "buying opportunity", nor are we close to one,  with respect to general equities.  Rest easy knowing we've maintained a bearish outlook all along.
 
Doomsday prognosticators have no idea what the "Brexit" vote truly portends, nor do those who voted either way in the referendum given such a move is unprecedented.  In the long run, nothing much will really change though we'd argue it's a long-overdue step in the right direction.
 
Also bear in mind that the Brexit vote is not legally binding.  Given a mere 1% swing would've resulted in a tie, it would not surprise us to see the referendum results ignored entirely or at least to some degree in the ensuing negotiations to "exit" the European Union.  It does seem like Prime Minister Cameron is respecting the very slight majority vote, for now, however it wouldn't be the first time a politician lied or entirely changed course without warning.
 
What may actually matter for our interests is that the DJIA closed below its 2016 break-even level, though just barely (by 23 points), which is bearish.  That's close enough to call it even, so markets may bounce from that key level next week.  
 
In any case we remain bearish and emphatically maintain that equities remain in a major topping process that will lead to a material and lasting drop in stocks before too long." 
 



 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Wednesday, June 22, 2016

DJIA Study, SDOW

 
Keeping in mind our June 16 post "DJIA Quarterly Momentum Chart Update, VXX, Buying SDOW", and the likelihood of this week's "Brexit" vote causing a drastic emotionally-based market swing, we add the following observations.

Here's a long-term chart of the DJIA showing a possible rising wedge pattern broken:


Next we illustrate the resistance level in effect for more than the past year (all-time high was 18351 in mid-May of 2015):


Below is a chart of SDOW.  The red line represents our suggested stop level of "below $14.50";



If the Brexit vote is to "remain", it's expected that there'll be a positive market reaction.  We'd feel very differently, but cannot vote on the matter or make the market go in the direction we feel makes sense.  If markets do jump in response to the vote, it should prove a short-lived rally lasting days or weeks. 

In that scenario, the DJIA would probably approach its resistance level.  It may even exceed it, with the ultimate high probably occurring near the lower line on the "rising wedge" chart at top of the post. 

SDOW would be stopped out and we'd re-enter it once it closes above the black down-trend line shown on its chart above. 



 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Tuesday, June 21, 2016

TBT 3-Year Declining Wedge Due To Be Broken

 
TBT is the ProShares UltraShort 20+ Year Treasury ET, which "seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Barclays U.S. 20+ Year Treasury Bond Index."

Per its chart below, there's a 3-year declining wedge formation in the pricing of TBT.  This type of formation tends to resolve upward.  Furthermore, bullish sentiment in long-term bonds is at levels commensurate with all-time highs and long-term reversals.



If buying TBT, one speculates that the multi-decade bull market in long bonds will soon reverse.  This should prove to be a long-term holding, and our initial stop suggestion is at $29.90 in an attempt to cap risk around 12.5% as TBT closed today at $34.15

News Item: Goldman Sachs Expects Steep Drop-off In U.S. Demand For Stocks

 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Thursday, June 16, 2016

DJIA Quarterly Momentum Chart Update, VXX, Buying SDOW

 
We posted a chart showing the quarterly momentum of the DJIA at the end of April

Today we post an update of that chart.  It looks not much different, however the trend remains obvious and in progress while the implications are self-evident.


Simply, we believe it's not different this time. 

Accordingly, we still hold VXX as a general market hedge and short.  Here's an updated chart:



Those who are not sufficiently hedged, or who desire a reasonable general market short speculation, might consider SDOW (ProShares Ultrapro Short DOW30) which last closed at $15.50 

We'd suggest a stop below $14.50 which is slightly beneath the year's low ($14.58 on April 20) and the recent low ($14.61 on June 08).


 
 
 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Match (MTCH) May Break To All-Time High

 
The Match Group (MTCH) owns many major online dating sites, from Match.com to Tinder to OK Cupid and Plenty Of Fish

The company had its IPO back in November, after which the stock dropped almost 40% into mid-February and subsequently bounced back to match its all-time high. 

Here's how we see it:



If it exceeds those highs it'd be a compelling buying opportunity with a prudent stop below either of the uptrends (green lines) in this close-up chart, depending on your risk tolerance:



Disclosure:  We're long MTCH at a cost of $12.14 since early May of this year, which was not diarized in this blog.

 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Microsoft (MSFT) Buys LinkedIn (LNKD)

 
 


Monday's big news was the surprise deal made by Microsoft (MSFT) to acquire LinkedIn (LNKD) for 50% above its Friday closing price at a cost of over $26 billion, another clear sign of a market top since this is one of the more gross over-payments in history, arguably near a historic market top, by a company (MSFT) with a dismal track record of grossly overpaying for acquisitions that later bomb, in a sector known for companies frequently doing the same, and the company in question (LNKD) has negative earnings and is losing cachet by the hour.

LNKD has been in a down-trend since early 2015, with declining metrics and revenues to match, and almost certainly would’ve been under $50 sooner than later had this deal not happened.  Instead, it burst nearly 50% higher on Monday, yet still manages to be down materially in 2016.

MSFT shares were knocked down on the news, and will likely be far lower in the coming months.  Fortunately our short on LNKD was covered nearly two months ago, for a loss of 4.7%, however let this stand as a stark example of what can and does happen when dealing in individual stocks and if not adhering to a prudent plan replete with stops.

No doubt, something similar to this happened to many LNKD shorts, while the longs got extremely lucky. 


 
 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Thursday, June 09, 2016

Coffee Update

 
Last week we posted an update on coffee.  It then shot nearly 20% higher over the following few days, hitting $147 today before dropping back a bit. 

As the chart below shows, a 1-year down trend seems to be broken. 

We remain long and bullish via JO, at a cost of $18.91  JO closed today at $20.57 after hitting a high of $21.88




 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Wednesday, June 08, 2016

Oil Chart, OKS & UCO Stop Updates

 
The red and the black suggests at least some immediate upward resistance in oil.

 

UCO is up 117% since our mid-January entry.  Our stop has not triggered and we're raising it again, now to $13.30 on an intra-day basis.  If this is stopped out we'll have plenty more oil exposure left over, mostly bought at or near the lows late 2015 and early 2016.

OKS (Oneok Partners LP) comprises some of that oil exposure and is up 83% including dividends since our mid-January entry.  Our stop has not triggered and we're raising it again, now to $38.40 on an intra-day basis.  We'd like to keep the 13.9% dividend (based on our entry price) coming in for as long as possible, but do not wish to be holding too many oil-related positions and losing large capital "paper" gains in case of a protracted stock market drop which is arguably long overdue. 


 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.


Friday, June 03, 2016

Stops Updated And Triggered, NUGT +450%, LBS +150%, TZA -2.3%

 
NUGT rose as much as 588% from our mid-January entry, and per the level set in our last related update our remaining shares were stopped out a few days later for a gain of 450% on the last of our holdings.

UCO is up 98% since our mid-January entry.  Our stop on UCO has not triggered and we're raising it again, now to $11.90 on an intra-day basis.  If this is stopped out we'll have plenty more oil exposure left over, mostly bought at or near the lows late 2015 and early 2016. 

OKS (Oneok Partners LP) comprises some of that oil exposure and is up 76% including dividends since our mid-January entry.  Our stop on OKS has not triggered and we're raising it again, now to $36.00 on an intra-day basis.  We'd like to keep the 13.9% dividend (based on our entry price) coming in for as long as possible, but do not wish to be holding too many oil-related positions and losing large capital "paper" gains in case of a protracted stock market drop which is arguably long overdue. 

LBS (Brompton Life & Banc Split Corp.) was a holding of ours for nearly 4 years, and it paid a 24% annual dividend (based on our entry price circa $5 and a "Return Of Capital" of $1.20/annum, paid as $0.10 monthly).  At its highs it was up 132% from our entry (trading above $11 last year) and per the level set in our last related update was closed for a gain of 56% plus it paid nearly 100% of our cost back via its generous monthly return of capital.

TZA we entered in late April and the position was stopped out a month later for a loss of 2.3%

We still have VXX (iPath S&P 500 VIX Short Term Futures) as a market hedge and short.

We'll post updated DJIA charts in a few days.
 
 
 
 
 
 


We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.